EMT PurchasePower Program
The PurchasePower program was created by Ken Doke, the founder
of Emerging Medical Technologies. With a world-wide customer-base of medical
professionals, he envisioned a cooperative group of clientele who could
collectively reduce individual costs and business overhead through group
leverage.
Group purchasing plans are often established by purchasers who
wish to use their collective strength to buy the best benefits at the lowest
price. Most coalitions are self-governing not-for-profit membership
organizations. Generally, coalitions assess each member group minimal fees to
cover operating costs. Because health care vendors offer price discounts and
administrative efficiencies to large purchasers in exchange for purchase
volume, cooperatives can purchase products and services for less money than
individual funds could on their own.
Q: What is the role of PurchasePower?
A: Health care provider coalitions seek to contain cost and
provide health care quality by enhancing bargaining strength, increasing
competition among medical vendors, sharing information on the cost and
performance of vendors, and on the terms of contracts.
Q: How can PurchasePower improve the quality of products
& services offered to its members?
A: By sharing information on vendors, terms of contracts, and
satisfaction levels, EMT can monitor, and to some extent, help ensure the
highest quality of service from vendors who participate in the program.